Which of the following transactions would cause a decrease in both assets and stockholders' equity? A) Paying advertising for the current month. B) Purchasing office equipment on account. C) Paying insurance premium for the next two years. D) Providing services to customers on account.

Alpha industries is considering a project with an initial cost of $8 million. the project will produce cash inflows of $1.49 million per year for 8 years. the project has the same risk as the firm. the firm has a pretax cost of debt of 5.61 percent and a cost of equity of 11.27 percent. the debt–equity ratio is .60 and the tax rate is 35 percent. what is the net present value of the project?